Five Below (NASDAQ:FIVE) Price Target Raised to $105.00

Five Below (NASDAQ:FIVE) had its target price raised by Mizuho from $90.00 to $105.00 in a report issued on Friday morning,Benzinga reports. Mizuho currently has a neutral rating on the specialty retailer’s stock.

A number of other analysts have also issued reports on FIVE. Wells Fargo & Company boosted their price target on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday. Guggenheim upped their target price on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Craig Hallum boosted their price objective on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday. Melius Research initiated coverage on shares of Five Below in a research report on Monday, September 23rd. They set a “hold” rating and a $100.00 price target for the company. Finally, Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $116.15.

Five Below Trading Down 2.8 %

Shares of FIVE opened at $112.73 on Friday. The firm has a fifty day simple moving average of $91.79 and a two-hundred day simple moving average of $94.10. The firm has a market cap of $6.20 billion, a PE ratio of 23.24, a P/E/G ratio of 1.16 and a beta of 1.18. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.10% and a net margin of 7.02%. The company had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. Five Below’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, research analysts forecast that Five Below will post 4.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Paladin Wealth LLC purchased a new position in Five Below in the 3rd quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in shares of Five Below in the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in Five Below during the third quarter worth approximately $42,000. Hobbs Group Advisors LLC acquired a new position in Five Below during the second quarter worth $44,000. Finally, Partnership Wealth Management LLC boosted its stake in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares during the last quarter.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.